Sun Life Financial (TSE:SLF) Price Target Increased to C$55.00 by Analysts at Morgan Stanley

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Sun Life Financial (TSE:SLF) (NYSE:SLF) had its target price boosted by investment analysts at Morgan Stanley from C$51.00 to C$55.00 in a research note issued on Thursday, BayStreet.CA reports. Morgan Stanley’s target price points to a potential downside of 1.80% from the company’s previous close.

Several other equities analysts have also commented on SLF. Scotiabank boosted their price target on Sun Life Financial from C$55.00 to C$57.00 in a research report on Monday, August 10th. National Bank Financial upped their target price on shares of Sun Life Financial from C$48.00 to C$56.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th. CIBC lifted their price target on shares of Sun Life Financial from C$59.00 to C$64.00 in a research note on Monday, August 10th. Evercore boosted their price objective on shares of Sun Life Financial from C$58.00 to C$60.00 in a report on Friday, August 7th. Finally, Royal Bank of Canada upgraded Sun Life Financial from a “sector perform” rating to an “outperform” rating and lowered their target price for the company from C$63.00 to C$61.00 in a research note on Thursday, May 7th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of C$60.31.

Shares of Sun Life Financial stock traded down C$0.03 during trading hours on Thursday, hitting C$56.01. The company’s stock had a trading volume of 2,655,875 shares, compared to its average volume of 2,182,313. The business has a fifty day moving average of C$52.63 and a 200 day moving average of C$51.26. Sun Life Financial has a 1-year low of C$35.43 and a 1-year high of C$66.44. The company has a quick ratio of 96,560.00, a current ratio of 103,789.00 and a debt-to-equity ratio of 19.81. The company has a market capitalization of $31.30 billion and a PE ratio of 14.32.

In related news, Director Dean Connor sold 28,103 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of C$52.07, for a total transaction of C$1,463,323.21. Following the transaction, the director now directly owns 86,047 shares in the company, valued at C$4,480,467.29. In the last ninety days, insiders have sold 84,309 shares of company stock worth $4,189,876.

About Sun Life Financial

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. The company operates through five segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate.

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Analyst Recommendations for Sun Life Financial (TSE:SLF)

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